Qatar Airways will host the IATA World Financial Symposium (WFS) from19-22 September 2022. Under the patronage of Jassim Bin Saif Al-Sulaiti, Minister of Transport, Qatar Airways will host the largest gathering of the aviation business’s monetary leaders since earlier than the beginning of the COVID-19 pandemic.
Qatar Airways group chief government, Akbar Al Baker stated: “We are honoured to be hosting the first in-person World Financial Symposium since 2019, especially during our milestone year, celebrating 25 years of operations. This vital symposium will bring together financial leaders from airlines and from our many supply chain partners to discuss and debate the path forward and the challenges to be overcome.”
Willie Walsh, IATA’s director normal, stated, “We are excited to bring the World Financial Symposium to Doha for the first time. As the industry continues to recover, the role of finance in rebuilding balance sheets and supporting our sustainability agenda will take center stage in the important discussions taking place over the next few days.”
As the business comes out of the best monetary shock on document, numbers point out a speedy emergence from the pandemic following the removing of government-mandated journey restrictions over the previous two years. Industry losses are anticipated to fall to USD9.7 billion this 12 months, improved from almost USD180 billion in losses over the earlier two years (2020-21). As journey boundaries fall in most areas, a current surge in demand suggests a restoration to pre-COVID-19 site visitors ranges in 2024, with a risk of reaching revenue in 2023.
At the identical time, airline money owed have soared as carriers borrowed to keep afloat in the course of the disaster. Finance departments throughout the business will face main challenges because the aim to fly internet zero by 2050 approaches.
A spotlight of the WFS Opening Plenary can be an onstage dialogue with Akbar Al Baker and Willie Walsh on the theme of the business’s future.
Sessions will deal with: ESG & sustainable finance traits. Achieving carbon internet zero by 2050. Financial danger administration. The street to airline retailing & buyer centricity. Fulfilment and settlement in a world of airline presents and orders. The way forward for airline funds and funds as a worth creator. Understanding and getting ready for OECD BEPS 2.0. WFS will even characteristic a a evaluate of the business financial outlook and resilience from IATA’s Chief Economist, Marie Owens Thomsen.
Earlier in June 2022, Qatar Airways hosted over 1,000 delegates and aviation leaders from throughout the globe on the business’s largest annual occasion, the 78th International Air Transport Association (IATA) Annual General Meeting and World Air Transport Summit (WATS).